Sen. Susan Collins is proposing to shrink GOP tax cuts for the rich and for corporations.
She would offer larger tax breaks to middle-income families.
Tax cuts are limited to a $1.5 trillion deficit increase over 10 years; any new tax cuts in the bill have to be offset with tax increases to hit that target.
A key fact about tax reform is that it has to fit inside a box.
Republicans in Congress passed a budget resolution that says the tax bill can't grow the deficit by more than $1.5 trillion over a decade. This isn't just a goal - it's legally binding. The legislative process they're using...Read more ...